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European Shares Set to Open Mixed, UBS Leads Earnings

European shares were set to open mixed on Tuesday amid a raft of corporate earnings led by Swiss bank UBS, which posted a large first-quarter loss and unveiled job cuts.

Asian markets were flat as oil stayed within striking range of $120 a barrel. Japan was closed for a holiday.

Bookmakers called Britain's FTSE down 26 to 31 points, Germany's DAX up 2 to down 6 points and France's CAC up 3 to down 3 points.